Boat Loan Calculator
Try our easy-to-use Boat Loan Calculator.
Our boat loan payment calculator is a simple and free tool that gives you an idea of your monthly or fortnightly loan repayment amounts, helping you plan your purchase effectively. To use the calculator, input the estimated loan amount, loan term in years, and an annual interest rate.
Your loan amount can also include the cost of accessories and safety gear. This allows you to spread the cost of these necessary items over the life of the loan.
Boat Loan Interest Rates
Your interest rate is influenced by multiple factors, including your credit score, employment and residential situation as well as the boat you wish to purchase. For example, newer boats attract a lower interest rate than older models. And home owners will get a better rate than renters. A good credit score is also crucial for securing a favourable interest rate.
Our team of expert brokers will get you the best available rate by comparing over 40 lenders. We also consider factors such as the loan term, flexibility for early repayment and any additional account keeping fees. After identifying the lender that best suits your circumstances, we submit your loan application exclusively to that lender. This protects your credit score by avoiding multiple enquiries. Our team will guide you through every step of the process, crafting a tailored boat finance solution designed specifically for your needs.
Pre-approved Boat Loan
Apply for a Pre-approved boat loan now. Having a pre-approved boat loan gives you more negotiating power when shopping for your new boat. It also allows you to focus on locating the perfect boat within your budget.
Estimated Boat Payments with Balloon Option
Using our Boat Loan Calculator, you can see how adding a balloon payment option to your loan impacts your repayment amounts. The balloon payment allows you to reduce monthly repayments by deferring a larger lump sum to the end of the loan term. This balloon amount can either be paid off in full or refinanced at the end of the loan term.
